Pre-school building in East New York sells for $2M

Vankata Satya Saibaba Tata through the entity Divergent Realco Inc. paid $2 million to Dhanmattie Boodhoo through the entity The Dhanmattie Boodhoo Revocable Trust for the specialty building (W8) at 2007 Linden Boulevard in East New York, Brooklyn. The expected use is cash flowing.
The deal closed on August 14, 2025 and was recorded on September 3, 2025. The property has 3,520 square feet of built space and 1,207 square feet of additional air rights for a total buildable of 4,733 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $562 and the price per buildable square foot is $418 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The seller bought the property on July 21, 2003, for $345,000. The signatory for Dhanmattie Boodhoo was Dhanmattie Boodhoo. The signatory for Vankata Satya Saibaba Tata was Vankata Satya Saibaba Tata. The contract date was March 25, 2025.

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer Vankata Satya Saibaba Tata had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Dhanmattie Boodhoo had not purchased any other properties and had not sold any properties over the same time period. The former owner according to the Department of Housing Preservation and Development is Dhanmattie Boodhoo, individual owner.

The property

The specialty building in East New York has 3,520 square feet of built space and 1,207 square feet of additional air rights for a total buildable of 4,733 square feet according to a PincusCo analysis of city data. The parcel has frontage of 20 feet and is 100 feet deep with a total lot size of 1,948 square feet. The zoning is R6 which allows for up to 2.43 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $603,000.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property for the past 24 months. In addition, according to city public data, the property has not received any significant violations in the last year.

Development

There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The neighborhood

In East New York, The bulk, or 40 percent of the 44.6 million square feet of commercial built space are elevator buildings, with industrial buildings next occupying 21 percent of the space. In sales, East New York has 1.3 times the average sales volume among other neighborhoods with $379.9 million in sales volume in the last two years and is the 20th highest in Brooklyn. For development, East New York has 3.2 times the average amount of major developments relative to other neighborhoods and is the 2nd highest in Brooklyn. It had 4.4 million square feet of commercial and multi-family construction under development in the last two years, which represents 10 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of one of the two commercial properties representing 3,198 square feet of the 6,718 square feet. The identified owner is Hazra Ali.
There are no active new building construction projects on this tax block.

The majority, or 52 percent of the 6,718 square feet of built space are specialty buildings, with mixed-use buildings next occupying 48 percent of the space.

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